1. What is an economic model? a. a mechanical machine that replicates the functioning of the economy...

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1. What is an economic model?

a. a mechanical machine that replicates the functioning of the economy

b. a fully detailed, realistic description of the economy

c. a simplified representation of some aspect of the economy

d. a computer program that predicts the future of the economy

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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